The IHS Markit Brazil Composite PMI fell to 50.9 in December of 2019 from 51.8 in the previous month. The reading pointed to the slowest expansion in private sector activity in six months, as manufacturing growth eased sharply (50.2 from 52.9) while services picked up slightly (51 from 50.9). Employment stagnated as job creation in the service economy was offset by a renewed decline in factory headcounts. Also, sales quickened from November's five-month low as growth of services new business accelerated while factory orders rose the least in seven months. Input cost inflation was the strongest in 14 months, with faster increases noted at both goods producers and service providers. Selling prices were lifted, with services firms posting a stronger rate of charge inflation than their manufacturing counterparts. Finally, both manufacturers and services firms were more upbeat about the future.

Composite Pmi in Brazil averaged 48.95 Index from 2011 until 2019, reaching an all time high of 55.50 Index in February of 2012 and a record low of 38.30 Index in May of 2016. This page provides the latest reported value for - Brazil Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Markit Economics

Composite Pmi in Brazil is expected to be 53.50 Index by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in Brazil to stand at 51.50 in 12 months time. In the long-term, the Brazil Composite PMI is projected to trend around 53.00 Index in 2020, according to our econometric models.

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Brazil Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.90 51.80 55.50 38.30 2011 - 2019 Index Monthly

News Stream
Brazil Private Sector Activity Growth Steady in November
The IHS Markit Brazil Composite PMI was at 51.8 in November 2019, unchanged from the previous month. Manufacturing output rose (PMI at 52.9 vs 52.2 in October) while services activities growth slowed to a five-month low (PMI at 50.9 vs 51.2 in October). Overall, new orders increased at the softest pace in five months, and the job creation rate eased to a four-month low. On the price front, both input and output cost inflation slowed. Finally, sentiment improved to a three-month high and was above the series average.

Brazil Private Sector Output Expands at Softer Pace
The IHS Markit Brazil Composite PMI dropped to 51.8 in October 2019 from 52.5 in the previous month, pointing to weaker growth in the country's private sector. Both services activity and manufacturing output advanced at softer rates. Overall new work rose the most in seven months, business activity and employment increased further, while optimism strengthened from September.

Brazil Private Sector Activity Growth at 6-Month High
The seasonally adjusted IHS Markit Brazil PMI Composite Output Index increased to 52.5 in September 2019 from 51.9 in the previous month. The reading pointed to the strongest expansion in the private sector since March, as both manufacturing output rose to a nearly two year high (PMI at 53.4 vs 52.5 in August) and the services activity advanced (PMI at 51.8 vs 51.4 in August). New orders accelerated and the job creation rate went up at the sharpest pace in over four-and-a-half years. On the price front, input and output cost inflation increased. Finally, sentiment weakened linked to downward revisions to growth projections in the manufacturing and service sectors.

Brazil Private Sector Activity Growth at 5-Month High
The seasonally adjusted IHS Markit Brazil PMI Composite Output Index rose to 51.9 in August 2019 from 51.6 July. The latest reading pointed to the fastest expansion in the private sector since March, as manufacturing output rebounded (PMI at 52.5 from 49.9) while services activity growth eased (PMI at 51.4 from 52.2 in July). New work went up at the steepest pace in five months, with rates of expansion in the manufacturing and service sectors picking up to 17- and four-month highs respectively. New export orders rose in factory activity while in the services sector dropped. Additionally, employment increased in both sectors. On the price front, input price inflation was unchanged while output cost inflation increased. Looking ahead, confidence declined from July's series peak.

Brazil Private Sector Rebounds in July
The seasonally adjusted IHS Markit Brazil PMI Composite Output Index rose to 51.6 in July 2019 from 49 in the prior month. The reading pointed to a modest expansion in private sector output that was the fastest since March, after two straight months of contraction. Services activity drove the upturn (PMI at 52.2 from 48.2 in June) while manufacturing output shrank (PMI at 49.9 from 51.0). New orders increased for the thirteenth month in a row, mainly led by services. Meanwhile, employment declined across both sectors, with the rate of job shedding stronger at goods producers. Regarding prices, input price inflation moderated to a six-month low and, consequently, slower rates of output price inflation were evident in both sectors. Lastly, confidence improved as upbeat sentiment among service providers to a 69-month high offset a decrease in optimism among goods producers to a 21-month low.

Brazil Private Sector Activity Remains in Contraction
The seasonally adjusted IHS Markit Brazil PMI Composite Output Index increased to 49 in June 2019 from 48.4 in May. The reading pointed to the second contraction in the private sector, as the services activity shrink for the third consecutive month (PMI at 47.8 from 49.9) while manufacturing output rose (PMI at 51 from 50.2). Payroll numbers declined across both sectors with the job shedding rate at the fastest since August last year. Additionally, backlogs of work dropped at the softest pace in four months. On the price front, input cost inflation slowed to a 4-month low in June while output price inflation went up to the strongest pace in three months. Lastly, confidence improved as upbeat sentiment among goods producers offset a mild waning of optimism at services providers.

Brazil Composite PMI
In Brazil, the Markit Brazil Composite PMI Index tracks business trends across both the manufacturing and service sector activity, based on data collected from a representative panel of around 800 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.

Brazil Business Last Previous Highest Lowest Unit
Services PMI 51.00 50.90 57.10 36.90 points [+]
Business Confidence 65.30 64.30 68.50 35.00 points [+]
Manufacturing PMI 50.20 52.90 53.50 41.60 points [+]
Composite Pmi 50.90 51.80 55.50 38.30 Index [+]
Industrial Production -1.70 1.00 37.20 -27.70 percent [+]
Industrial Production Mom -1.20 0.80 25.10 -24.40 percent [+]
Manufacturing Production -0.60 2.30 18.90 -17.00 percent [+]
Capacity Utilization 78.20 78.00 84.60 75.90 percent [+]
Changes in Inventories 24590.09 -2847.56 31767.86 -61243.01 BRL Million [+]
Car Production 170500.00 227455.00 352531.00 2144.00 Units [+]
Car Registrations 263.00 242.00 420.00 2.00 Thousand [+]
Total Vehicle Sales 215348.00 196769.00 325722.00 23705.00 [+]
Leading Economic Index 0.18 0.09 3.23 -3.37 percent [+]
Small Business Sentiment 63.40 62.20 65.40 34.50 [+]
Internet Speed 6819.06 6391.73 6819.06 698.35 KBps [+]
IP Addresses 26855780.00 26798386.00 35093076.00 5857696.00 IP [+]
Mining Production -8.90 -7.30 21.40 -22.80 percent [+]
Competitiveness Index 60.93 59.51 60.93 3.98 Points [+]
Competitiveness Rank 71.00 72.00 75.00 48.00 [+]
Ease of Doing Business 124.00 109.00 129.00 109.00 [+]
Corruption Index 35.00 35.00 43.00 27.00 Points [+]
Corruption Rank 106.00 105.00 106.00 36.00 [+]
Steel Production 2604.00 2597.00 3269.00 918.00 Thousand Tonnes [+]